Islander and Medici trade the European open | Page 112 | Forex Factory

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Islander and Medici trade the European open

  • #2,221
  • Aug 24, 2010 9:16am Aug 24, 2010 9:16am
Quoting Islander
Its more a pick up of activity......look over a few days of charts and you'll see how many moves start after this time......the first activity around the old open of the bond pit - 8:10 est or the 8:30 news and then a lull till 9:30 - 10am est.....
Well ok i just usually watch by me from 14:00-16:00 which is 8am est-10am est so didnt know all the stuff inbetween haha, so i learnd something new today whoooo .

Did i imagine myself or did FF semi crash now or something???
  • #2,222
  • Aug 24, 2010 9:17am Aug 24, 2010 9:17am
My last buy stalled at the old resistance area ~the 5425 level, so I banked and waited for the 10am news - which was bad both for home sales and manufacturing, so the dollar headed south and cable & euro north with plenty of time to get onboard. This time the 25 level was easily broken and should now return to acting as support....

I took some off at - MS2 - 5442 and bought back off the 25 support.....basic trading off "the levels" http://cdn.forexfactory.com/images/icons/icon12.gif

Now for the 5462 resistance.....
Trading Levels with WRBs
  • #2,223
  • Edited 9:32am Aug 24, 2010 9:22am | Edited 9:32am
Quoting CoffeeDrinke
Well ok i just usually watch by me from 14:00-16:00 which is 8am est-10am est so didnt know all the stuff inbetween haha, so i learnd something new today whoooo .

Did i imagine myself or did FF semi crash now or something???

LOL - its all part of the service.....

and yes, the FF servers crashed due to too many people trying to view the news....
Trading Levels with WRBs
  • #2,224
  • Aug 24, 2010 9:32am Aug 24, 2010 9:32am
Euro really motored after the news - +100 pips in 23 mins vs cable's 77 pips.....I'm out of both now, looking for the 1m 30ema to trigger more buys.....
Trading Levels with WRBs
  • #2,225
  • Aug 24, 2010 9:49am Aug 24, 2010 9:49am
Quoting Islander
Euro really motored after the news - +100 pips in 23 mins vs cable's 77 pips.....I'm out of both now, looking for the 1m 30ema to trigger more buys.....
and when its at the 50 level too its offering more pips for plundering....

time for a swim and a beer.....see you guys tomorrow....

ah - and they stalled at a 00 and an S1, so best not to be greedy.....
Trading Levels with WRBs
  • #2,226
  • Aug 24, 2010 11:58am Aug 24, 2010 11:58am
Hi all nothing for me today apart from a LH sell at 15462 that I gave up on and took 3pips hope you all had a good day.
Medici when does volume start to come back into the market september?
I don't know because I started trading at christmas so this is my 1st time trading summer.

cheers
  • #2,227
  • Aug 24, 2010 1:46pm Aug 24, 2010 1:46pm
Quoting reflex
Hi all nothing for me today apart from a LH sell at 15462 that I gave up on and took 3pips hope you all had a good day.
Medici when does volume start to come back into the market september?
I don't know because I started trading at christmas so this is my 1st time trading summer.

cheers
Don't know that or if volumes have been bad. I thought there had been good volume over the past couple of weeks, no?
  • #2,228
  • Aug 24, 2010 1:57pm Aug 24, 2010 1:57pm
Quoting medici
Don't know that or if volumes have been bad. I thought there had been good volume over the past couple of weeks, no?
Nope I dont no really haven't really noticed much difference and haven't got a volume thing.
It was just I have read posts on threads where people say they don't excpect big moves because of low volume in summer and volume will come back into the market after the summer.
Are the markets generally quieter in the summer?

cheers

PS sorry for all the spelling mistakes there probably are in my posts english isn't one of my strong points.
  • #2,229
  • Aug 24, 2010 2:18pm Aug 24, 2010 2:18pm
Quoting reflex
Nope I dont no really haven't really noticed much difference and haven't got a volume thing.
It was just I have read posts on threads where people say they don't excpect big moves because of low volume in summer and volume will come back into the market after the summer.
Are the markets generally quieter in the summer?

cheers

PS sorry for all the spelling mistakes there probably are in my posts english isn't one of my strong points.
Certainly haven't been that this summer. My general approach is to "trade what I see", or a "don't know" approach, i.e. let the charts speak for themselves instead of having a bias or opinion that comes between me and what is actually going on. I can't count the times I have missed opportunities by not adhering to that principle.
  • #2,230
  • Aug 24, 2010 2:47pm Aug 24, 2010 2:47pm
Quoting medici
Certainly haven't been that this summer. My general approach is to "trade what I see", or a "don't know" approach, i.e. let the charts speak for themselves instead of having a bias or opinion that comes between me and what is actually going on. I can't count the times I have missed opportunities by not adhering to that principle.

Cheers Medici I agree I find it hard to go against what I have been thinking. If the chart is telling me something completely different to what I am thinking its so much harder to actually take the trade that the chart is telling me to do.

Anyway I've been staring at these screens for 15hours now time to have a rest.

Goodluck tomorow.
  • #2,231
  • Aug 25, 2010 12:30am Aug 25, 2010 12:30am
Good Morning all.
Hope today brings you a great day.
GL
  • #2,232
  • Aug 25, 2010 12:43am Aug 25, 2010 12:43am
GM - 1.2630 is 61.8% of the last leg up and seems to be in play this morning.
  • #2,233
  • Aug 25, 2010 1:19am Aug 25, 2010 1:19am
Quoting medici
GM - 1.2630 is 61.8% of the last leg up and seems to be in play this morning.

Morning medici,
Great thread, my trading window also, can you tell me Which tf and two points have you used to get the 61.8 level??.
Also, do you use CII with default settings or have you guys optimised it for different time frames?

regards

doc.
  • #2,234
  • Aug 25, 2010 1:24am Aug 25, 2010 1:24am
Quoting medici
GM - 1.2630 is 61.8% of the last leg up and seems to be in play this morning.
GM all - also the days open at 2627 just provided a 15m / 5m HL, so another reason to buy. Now I'd like the DP at 2644 to hold.....German Ifo Business Climate due in 1.5 hours....

Cable also put in similar HLs, but it seems sluggish vs €

I see that the dollar - via Swissy - hasnt been able to bounce after it sold off on the bad data yesterday afternoon
Trading Levels with WRBs
  • #2,235
  • Aug 25, 2010 1:26am Aug 25, 2010 1:26am
Quoting Dr.Scalpall
Morning medici,
Great thread, my trading window also, can you tell me Which tf and two points have you used to get the 61.8 level??.
Also, do you use CII with default settings or have you guys optimised it for different time frames?

regards

doc.
GM doc, and welcome to the thread! Fibs as per chart, and CI with standard settings. Optimised as it is...
Attached Image (click to enlarge)
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  • #2,236
  • Aug 25, 2010 1:33am Aug 25, 2010 1:33am
Quoting Islander
GM all - also the days open at 2627 just provided a 15m / 5m HL, so another reason to buy. Now I'd like the DP at 2644 to hold.....German Ifo Business Climate due in 1.5 hours....

Cable also put in similar HLs, but it seems sluggish vs €

I see that the dollar - via Swissy - hasnt been able to bounce after it sold off on the bad data yesterday afternoon
Stole a few pips on that HL as well, but my hunch is that this is going down, in particular cable.
  • #2,237
  • Aug 25, 2010 1:48am Aug 25, 2010 1:48am
Man she is just teazing this morning time for a nice cup of coffee
  • #2,238
  • Aug 25, 2010 1:59am Aug 25, 2010 1:59am
Quoting medici
Stole a few pips on that HL as well, but my hunch is that this is going down, in particular cable.
I agree, I did also buy € off the DP, but the bearish dvg now showing up on the 5m has helped me exit at the earlier high.

Cable hasnt even got above its DP at 5426, so I'll wait for LO to confirm - or not! - a sell...
Trading Levels with WRBs
  • #2,239
  • Aug 25, 2010 1:59am Aug 25, 2010 1:59am
Quoting CoffeeDrinke
Man she is just teazing this morning time for a nice cup of coffee
Me too, drinking as I type.....
Trading Levels with WRBs
  • #2,240
  • Aug 25, 2010 2:05am Aug 25, 2010 2:05am
Quoting medici
Stole a few pips on that HL as well, but my hunch is that this is going down, in particular cable.
Shorted cable at 5420. Now let's seee.
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